Wednesday, February 22, 2017

Is Retirement Confidence Misplaced?

By Heath Waddington, Senior Vice President of Sales & Marketing

What a difference seven years makes! Oh... and also one of the longest bull runs in the history of the market. In 2010 Allianz Life Insurance Company of North America commissioned a survey called Reclaiming the Future. The purpose of this survey was to assess attitudes on retirement from the baby boomer generation, and the results were not particularly encouraging. One of the findings that stuck with me was that, when asked “Do you believe there is a retirement crisis in this country”, 92% of respondents answered either somewhat or absolutely.[1] If you look at what was happening at the time, you will remember that the market had started one of the longest bull runs in history, but the wounds of the Great Recession were still very fresh and the losses that many had experienced in the prior two years were still very much on people’s minds. At the beginning of October 2010 when the survey was conducted, the Dow Jones Industrial Average (DJIA) was under 11,000.[2]

Pulling Retirement Cash, but Not by Choice

Pulling Retirement Cash, but Not by Choice
By Vipal Monga and Sarah Krouse

(Wall Street Journal)

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Judge Again Upholds DOL Fiduciary Rule

Judge Again Upholds DOL Fiduciary Rule
By John Hilton
(InsuranceNewsNet)

Are Your Parents Falling for the Financial Independence Myth?



Are Your Parents Falling for the Financial Independence Myth?
By Richard Eisenberg

(Next Avenue)

Justice Department seeks stay in Thrivent lawsuit against DOL fiduciary rule

Justice Department seeks stay in Thrivent lawsuit against DOL fiduciary rule
By Greg Iacurci

(InvestmentNews)

Congratulations!

Congratulations to our employees celebrating February work anniversaries!